Brussels

Italy's public debt surpasses 130% GDP for new record

Second in eurozone after Greece

Italy's public debt surpasses 130% GDP for new record

Brussels, July 22 - Italy's debt exceeded 130% of gross domestic product (GDP) in the first quarter of 2013, the European statistics agency Eurostat revealed on Monday, marking a new record for the eurozone's third-largest economy. Last quarter Italy's debt reached 130.3% of GDP, second in the Eurozone after Greece, which had a debt to GDP ratio of 160.5% in the first quarter.

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